Auction exhaustion

[Robert_Lifson]

Originally Posted by calvindog

Or when a sale "closes" but is actually won by the consignor.

Here's a rare exception:

http://www.robertedwardauctions.com/...dinary-rarity/

"....This is an extremely significant Jackie Robinson display piece dating from his historic first year in the Major Leagues. It is also the ONLY example we have ever seen in forty years! This pennant was sold at REA in 2004 (Lot 65, at that time selling for $1,725) and has been consigned to this auction from the original consignor..."

I am not sure if anyone who read the REA description at the time caught this reference (or if they did, perhaps they thought it was just an error). It was not an error. I was so annoyed at the discovery I could not help throwing this line in on at least one lot. There were other lots I could have done the same with (and many other bidding and consigning "issues") involving the same "bidder" who "won" this lot the first time it went up for auction. I have to leave it at that for now, but I thought some might find this unusual description interesting and amusing.

[bensie]

Do you guys have any actual evidence, or is this all conspiracy theories? I've sold quite a few cards through various auction houses, most of which sold for very fair prices, and can count on one hand the number that didn't close. I'm not convinced this is as widespread as you guys make it seem.

I've even had a couple crazy runners that sold so high I thought I must have missed something about the card. I've already cashed the checks on those ones too.

[calvindog]

Originally Posted by bensie

Do you guys have any actual evidence, or is this all conspiracy theories? I've sold quite a few cards through various auction houses, most of which sold for very fair prices, and can count on one hand the number that didn't close. I'm not convinced this is as widespread as you guys make it seem.

I've even had a couple crazy runners that sold so high I thought I must have missed something about the card. I've already cashed the checks on those ones too.

Rob owned REA and just explained that it happens with some regularity. And sometimes the fraudsters openly talk about bidding on their own lots. And other times you can review the mastro bidding records online and see how often consigners bid and win their own lots. Really.

[bensie]

Originally Posted by calvindog

Rob owned REA and just explained that it happens with some regularity. And sometimes the fraudsters openly talk about bidding on their own lots. And other times you can review the mastro bidding records online and see how often consigners bid and win their own lots. Really.

What are the mastro bidding records?